Abstract The design of efficient and safe biocompatible artificial implants for bone replacement and reconstructions requires a thorough understanding of natural bone material. A new homogenization approach is therefore used to predict effective material properties of the human femur bone. The bone structure is idealized as a functionally graded composite made of different quantities of a collagen protein matrix reinforced by hydroxyapatite mineral acting as the filler. Two distinct composite models were investigated, one where the mineral reinforcements were assumed to be randomly dispersed inclusions in a matrix of collagen, and a second model wherein the minerals were assumed to be unidirectional fibers. Predicted results for longitudinal and transverse elastic modulus from the models compare very well with range of values from published experimental data. It is also compared to those predicted using classical homogenization models. These material properties are then used to obtain the structural response of a bone plate section under transverse load.